Petrobras announces update on agreement with Proquigel

Posted on 2025.05.30

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Petrobras, announces, following up on the disclosure made on May 23, 2025, that the agreement with Proquigel, a subsidiary of Unigel, was ratified today by the Arbitral Tribunal and, as of this date, is now in effect.

The agreement resolves the existing contractual disputes and litigation between the parties. As previously disclosed to the market, the agreement provides for the reinstatement of Petrobras' possession of the fertilizer plants (FAFENs) in Bahia and Sergipe and the resumption of operations by Petrobras through a bidding process for the contracting of Operation and Maintenance services, in compliance with applicable governance practices and internal procedures.

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